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Trump Media & Technology Group, the company that owns Truth Social, on Monday posted an alarming loss and less than $1 million in revenue in its first quarter since going public.
Trump Media, which began trading in March under the ticker symbol DJT, reported $770,500 in revenue—crediting its “nascent advertising initiative”—down from $1.1 million last year.
However, it also reported a net loss of $327.6 million during the first three months of the year, compared with a loss of $210,300 a year ago.
news.yahoo.com
Trump Media, which began trading in March under the ticker symbol DJT, reported $770,500 in revenue—crediting its “nascent advertising initiative”—down from $1.1 million last year.
However, it also reported a net loss of $327.6 million during the first three months of the year, compared with a loss of $210,300 a year ago.
Trump Media Reports $327M First Quarter Loss, Posts Revenue of Just $770K
STR/NurPhoto via Getty ImagesTrump Media & Technology Group, the company that owns Truth Social, on Monday posted an alarming loss and less than $1 million in revenue in its first quarter since going public. Trump Media, which began trading in March under the ticker symbol DJT, reported $770,500...